Math  /  Data & Statistics

Question108. Harrison Bank has the following financial information. \begin{tabular}{|c|c|} \hline ROE & 16%16 \% \\ \hline Net Income & $1000\$ 1000 \\ \hline Total Assets & $62,500\$ 62,500 \\ \hline Total Equity & $6250\$ 6250 \\ \hline \end{tabular}
What is this bank's asset utilization ratio? A) 1.6%1.6 \% B) 10%10 \% C) 12.8%12.8 \% D) 16%16 \%

Studdy Solution
The bank's asset utilization ratio is **1.6\%**, which corresponds to option A.

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